Ethereum abandons proof-of-work algorithm to slash carbon use

Ethereum

Ethereum, the cryptocurrency and blockchain platform, is to accelerate its net zero ambitions by changing its core operating algorithm. Ethereum is to change its proof-of-work algorithm to an energy efficient proof-of-stake algorithm and doing so will reduce energy consumption by ~99.95 per cent the company has announced. Swapping Ethereum to proof-of-stake, where the real-world value […]